Lodestar Commences Drilling at Chile’s Darwin Copper-Gold Project

March 26, 2025 06:41 PM AEDT | By Team Kalkine Media

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Lodestar Commences Drilling at Chile’s Darwin Copper-Gold Project — Image source: shutterstock

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Highlights

ASX 200, mining stocks see new developments as Lodestar Minerals (ASX:LSR) initiates drilling in Chile.

Initial program focuses on three high-priority targets within the Darwin project.

Historic samples from the site indicate significant mineralization, including gold, copper, and iron.

Lodestar Minerals (ASX:LSR) has commenced a maiden drilling campaign at the Darwin copper-gold project in northern Chile. The company is targeting three key areas within the site, where historical samples have demonstrated strong mineralization. This marks a major step in the company's exploration efforts within the South American region.

Drilling Program Details
The ongoing program consists of multiple drill holes spanning a significant area. Lodestar plans to assess subsurface mineralization, with initial results expected in the coming weeks. The project is strategically located near Copiapó, a well-established mining district known for its resource-rich geology.

Darwin’s mineral-rich structural corridor extends beyond a kilometer, with previous surface sampling revealing notable quantities of gold, copper, and iron ore. This makes it a significant focus for further exploration.

Historical Mineral Findings
Previous exploration within the Darwin project has yielded substantial mineralized samples. Gold samples collected from various points in the corridor have been reported as high-grade. Copper occurrences have also been recorded in multiple areas, with surface readings showing significant mineral presence. Additionally, iron ore outcrops within the region indicate notable concentrations.

Company Insights
Lodestar’s management has emphasized the importance of the Chilean drilling campaign, describing it as a significant milestone in the company’s broader exploration strategy. The presence of multiple historical workings within the area highlights the potential for deeper mineralization.

The company has expressed confidence in the current drill program and the overall prospects of the Darwin project. With further exploration planned beyond this initial phase, Lodestar aims to gain greater clarity on the mineral distribution within the site.

Market Update
Shares of (ASX:LSR) have seen movement following the announcement, reflecting market interest in the company's ongoing exploration. Investors and industry observers continue to monitor developments as the drill program progresses.

As activity at the Darwin project advances, Lodestar remains focused on expanding its knowledge of the site’s geological characteristics. The results from this initial phase will contribute to shaping the next steps in the company's broader resource strategy.

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